Green Growth Equity Fund
The Green Growth Equity Fund (GGEF) is the first investment of NIIF’s Fund of Funds. NIIF and the UK Government have committed GBP 120 million each into the Fund. EverSource Capital, an equal joint venture between Everstone Group and Lightsource BP was selected as the fund manager for GGEF following an international selection process. Everstone Group is a premier multi-asset investment firm and Lightsource BP is a global market leader in renewable energy development and management.
GGEF will provide investors with a vehicle to invest at scale into one of the largest and most attractive clean energy markets in the world. It aims to raise GBP 500 million from international institutional investors to invest into areas such as renewable energy, clean transportation, water, sanitation, waste management, emerging technologies and similar industries in India which offer significant investment opportunities and potential for attractive returns.